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Quickly calculate 7% Value Added Tax (VAT) for both inclusive and exclusive amounts.
Quickly calculate 7% Value Added Tax (VAT) for both inclusive and exclusive amounts.
FinancePrice Before VAT
VAT Amount (7%)
Net Price (Total)
Value Added Tax (VAT) can be either included in the price or added on top. Business owners must understand both to price their services correctly.
• Find VAT (Include): Total Price x 7 / 107 • Find VAT (Exclude): Subtotal x 0.07
Exclude VAT: Multiply the amount by 7% to get the VAT, then add it to the original amount.
Include VAT: Multiply the amount by 7/107 to get the VAT, then subtract it from the total to find the base cost.
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